Post
Topic
Board Altcoin Discussion
Re: Btc is PoW v1.0 and Kaspa is PoW v2.0
by
john1010
on 01/02/2024, 06:50:53 UTC
They have maximum total supply, like Bitcoin
PoW like Bitcoin
Halvings like Bitcoin.

10 blocks per second on Testnet vs. 1 block per 10 minutes on Bitcoin

You can scan QR code. In 0.1 second block is created. In 1 second 10 confirmations. And you don't even need these 10 blocks. Because if several blocks are created at the same time - they all are added. So if you get into a block. This block can't be cancelled by other blocks.

Testnet. 10bps
http://104.11.218.91:8080/

Mainnet. 1bps
https://explorer.kaspa.org/

Bitcoin. But a real-time method of payment. What do you think?

I think that
Bitcoin is the first crypto coin that uses PoW v1.0 protocol. Slow txs.
Kaspa is the first crypto coin that uses PoW v2.0 protocol. Real-time txs.


Bitcoin is the first and most popular cryptocurrency that uses PoW v1.0 protocol. It has a maximum total supply of 21 million coins, which makes it scarce and valuable. It also has halvings, which reduce the block reward every four years, making it more difficult and expensive to mine. Bitcoin has a block time of 10 minutes, which means that transactions take some time to be confirmed and finalized. Bitcoin is widely accepted and supported by many platforms and services, making it easy to use and exchange. Bitcoin is often seen as a store of value, a digital gold, or a hedge against inflation.

Kaspa is a new and emerging cryptocurrency that uses PoW v2.0 protocol. It also has a maximum total supply of 21 million coins, which makes it scarce and valuable. It also has halvings, which reduce the block reward every four years, making it more difficult and expensive to mine. However, Kaspa has a block time of one second, which means that transactions are very fast and almost instant. Kaspa uses a block DAG (directed acyclic graph) structure, which allows multiple blocks to be created and added at the same time, without causing forks or conflicts. Kaspa is not yet widely accepted or supported by many platforms and services, making it harder to use and exchange. Kaspa is often seen as a medium of exchange, a digital cash, or a real-time method of payment.

In conclusion, I think that Bitcoin and Kaspa are both valuable and innovative cryptocurrencies that use PoW, but they have different features and trade-offs that make them suitable for different purposes and users. Bitcoin is more established and secure, but slower and more expensive.